03 April 2024
by Jon Grevatt
Indian defence exports increased by 150% between 2020–21 and 2023–24, according to statistics issued by the MoD. (Indian MoD/Janes)
Indian defence exports reached INR210.83 billion (USD2.5 billion) in fiscal year (FY) 2023–24, an annual increase of 32%, the Indian Ministry of Defence (MoD) has said.
The MoD said in a statement on 1 April that private sector firms contributed to 60% of exports in 2023–24, with state-owned defence public sector undertakings (DPSUs) accounting for the remainder.
It added, “The figures indicate that defence exports have grown 31 times in the last 10 years as compared to FY 2013–14.”
The MoD also pointed to an increase in authorisations issued to Indian defence exporters. “From 1,414 export authorisations in FY 2022–23, the number jumped to 1,507 in FY 2023–24,” the MoD said.
According to the MoD, Indian defence exports in the decades 2004–05 to 2013–14 and 2014–15 to 2023–24 increased by nearly 21 times. “Total defence exports during 2004–05 to 2013–14 were INR43.12 billion, which has gone up to INR883.19 billion in the period from 2014–15 to 2023–24.”
24 April 2024
by Jeremiah Cushman
Saab has developed an autonomy package for its CB 90 fast boat and demonstrated its ability to navigate the Swedish coast. Pictured above is a CB 90 that was delivered to Malaysia. (Dockstavarvet)
Saab has established a new business function to revamp how it develops and delivers products to meet changing customer requirements. Skapa, a Swedish word that means “to create, to make, or to shape”, will focus on solving customer and stakeholder problems at speed, Erik Smith, president and CEO of Saab in the United States, told reporters on 23 April. “Skapa will accelerate the development and deployment of cutting-edge solutions to our warfighters” at pace, he said.
24 April 2024
by Giles Ebbutt
The XR Training consortium's USMC Amphibious Combat Vehicle driver simulator in its seat configuration with two DoF motion platform. The Vive HTC Elite headset is on the seat. The Instructor station laptop is on the table behind. (XR Training)
A consortium led by XR Training has been awarded a contract by the US Marine Corps (USMC) under an Other Transaction Agreement (OTA) to produce a driver training simulator for the new Amphibious Combat Vehicle (ACV). The value of the contract was not disclosed but Neil Levin, XR Training CEO, told Janes that it was “in the high seven-figure area”.
The consortium, which also includes Talon Simulations (hardware), 302 Interactive (software development), and Theory Studios (modelling and visuals), will deliver 81 simulators by the end of 2024, followed by a two-year training and sustainment period. Most simulators will be deployed to Camps Pendleton and Lejeune, with some for use for “schoolhouse” training and some for deploying units.
18 April 2024
by Jeremiah Cushman
Actual and planned Canadian defence spending by category from 2021–22 to 2026–27. (Janes)
The Canadian government released its fiscal year (FY) 2024 defence budget on 16 April. The document projects spending of CAD33.8 billion (USD24.6 billion) in 2024–25, including adjustments from the Budget 2023 Refocusing Government Spending Exercise and incremental funding in the 2024 budget, although it warns that forecast amounts may change as programmes move through implementation. This is an increase from the forecast CAD29.9 billion spending in 2023–24, according to the document.
The 2024–25 main estimates produced by the Treasury Board projected defence spending of CAD30.6 billion, a small increase from the latest spending estimate for 2023–24, which totalled CAD30.3 billion. This is a 14% increase over the initial 2023–24 main estimate of CAD26.5 billion, according to Treasury Board figures. Expenditures in 2022–23 totalled CAD26.9 billion.
Indian defence exports reached INR210.83 billion (USD2.5 billion) in fiscal year (FY) 2023–24, an an...
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